Competition is killer when it comes to a private owner trying to sell a home in today’s market. The dynamics of most markets can be quite challenging, even for the most attractive home. It is, afterall, a buyer’s market. Between most Americans wanting or needing to cut back on spending and lots of homes to choose from, many buyers are demanding move-in ready homes, meaning no need for costly home improvement projects.
With so much inventory currently on the market and shadow inventory to come, buyers are not having any trouble finding the home that they like without having to compromise. There’s no motivation to a buyer to purchase a home by having to put a large down payment plus closing costs, secure a loan and then spend more moola to improve the property just purchased. Read More
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